155 Fire Tower RdCedar GroveTN38321
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Cedar Grove at 155 Fire Tower Rd, Cedar Grove, TN, 38321 priced at $395,000 converts $2,568/mo rent into $204/mo cash flow after a $1,933/mo obligation. Total monthly income equals $2,568/mo, and annual cash flow totals $2,445/yr on $130,943 invested. Return on cash invested prints 21.78% in year one, and rental yield reads 7.8% against a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation compiles into $109,131 by year five. Five-year ROI reaches 112.59% and total cumulative return in cash sums $147,426. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,568/mo property income covering a $1,933/mo payment, not borrower’s personal income.
Single Family
Built in 1996
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38321, Cedar Grove, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,312 (100%) |
| Owner Occupied HU | 950 (72.4%) |
| Renter Occupied HU | 223 (17.0%) |
| Vacant Housing Units | 139 (10.6%) |
| Median Home Value | $160,211 |
| Average Home Value | $185,311 |
Housing Distribution
Address Breakdown
Residential
1,206
Single Family
1,206
Multi-Family
0
Businesses
27
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Listed by: Jake Morford • Phillips Realty Group
Mls Name: CWTAR
Mls ID: #2503225